It is on the Newell Highway and the Dubbo to Parkes railway line, completed to Peak Hill in 1910. The first public wheat silo built in Australia was constructed at Peak Hill in 1918 after government surveys indicated the district had great potential as a wheat producing region.[2]

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The district is also a renowned sheep producing area, particularly medium woolled merinos. There are also four merino studs actively operating in the area, namely Cora Lynn, Genanegie, Towalba, and Westray. Rams from these studs have been sold throughout Australia, and they all have on-property hoggett ram sales in September, supplying commercial sheep breeders with high quality young rams to breed from.

Peak Hill has a Catholic primary school St Joseph's, and a public central school.

Peak Hill has three motels, one hotel and two caravan parks. Peak Hill has a post office, RSL club, bowling club, golf club, cafes, antique shops, newsagency, butcher shop, book shop, hairdressers and beauty salons. There is a showground that has harness races and an annual agricultural show.

Also in Peak Hill is Peakhillfm89.5 your local Volunteer Community Radio station.Its on the air 24/7 and the music that is played is 50's to mid 80's and over the weekend there is Country and also old time favourites.Peakhillfm89.5 is just down the road from the Open Cut Experience.the web site is www.peakhillfm.com.au There is also the Peak Hill Business and tourism on the web site of www.peakhill.nsw.au check out both sites and find out all about our great little town

Peak Hill’s central Position in the New South Wales wheat belt may have been the reason why Peak Hill became the site for Australia's first upright bulk wheat silo in 1918. It was not until 1927 that the next stage, the six-bin silos and weighbridge complex, was completed at Peak Hill. In 1950 the construction of three additional 50,000 bushel bins was carried out and the bulkhead was completed in 1959.

After viewing the current silo it will become apparent that they have grown substantially over the years to cope with the local grain production. A lot of locally grown grain is also taken over to the Parkes silo.

The Peak Hill silo can be viewed from Lindner Avenue, which runs parallel with the railway line.